Advanced Patterns - SHARK
1. Find the point X at the bottom and point A at the top of a strong bullish trend.
2. 1st Retracement is not higher than the 61.8% of point X.
3. Point C should be confirmed at the 113% to 161.8% retracement area of A.
4. Point D should be confirmed at the 161.8% to 224% retracement area of B.
4a. Point D should be confirmed at the 88.6% to 113% retracement area of X.
* The take profit for this order can be placed at the 38.2%, 50%, 61.8% ,88.6% or 100% retracement of point C , depending on the fundamental condition.
2. 1st Retracement is not higher than the 61.8% of point X.
3. Point C should be confirmed at the 113% to 161.8% retracement area of A.
4. Point D should be confirmed at the 161.8% to 224% retracement area of B.
4a. Point D should be confirmed at the 88.6% to 113% retracement area of X.
* The take profit for this order can be placed at the 38.2%, 50%, 61.8% ,88.6% or 100% retracement of point C , depending on the fundamental condition.
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